Results Today:
Infosys, LTTS, 5paisa, Dodla, Hatsun, Tinplate
Today: India federal cabinet to meet at 11 am, Zomato IPO opens
Just Dial board meet on Friday for fund raising
NMDC: Brokerages positive on demerger
Aurobindo: CS raises target to 1230 from 1085. Nothing new in report
CS says cement prices have sustained in May - July unlike past years
Mindtree and Tata Metaliks good nos. Will watch Tata Steel Long also due to merger with metaliks
Sun TV new in ban and Ibulls housing out of F&O ban
Infosys, LTTS, 5paisa, Dodla, Hatsun, Tinplate
Today: India federal cabinet to meet at 11 am, Zomato IPO opens
Just Dial board meet on Friday for fund raising
NMDC: Brokerages positive on demerger
Aurobindo: CS raises target to 1230 from 1085. Nothing new in report
CS says cement prices have sustained in May - July unlike past years
Mindtree and Tata Metaliks good nos. Will watch Tata Steel Long also due to merger with metaliks
Sun TV new in ban and Ibulls housing out of F&O ban
Stocks to focus...
• Vedanta, Hindustan Zinc: Announced production results for Q1FY22. Mined metal production for the quarter was 221,000 tonnes, up 9% as compared to Q1FY21 on account of higher ore production largely at Rampura Agucha mines (RAM) and Zawar mines. This was partially offset by lower overall metal grades. In comparison to Q4FY21, it decreased by 23%, mainly due to lower ore production at Sindesar Khurd & Rampura Agucha mines due to operators' absenteeism in April & May in light of second wave of Covid-19. Integrated metal production was 236,000 tonnes for Q1 FY22, up 17% as compared to Q1 FY21 in line with higher availability of mined metal and down 8% as compared to Q4 FY21 on account of lower mined metal production. Integrated zinc production was 188,000 tonnes, up 20% as compared to Q1FY21 and down by 4% as compared to Q4 FY21, integrated lead production was 48,000 tonnes for Q1 FY22, up 9% as compared to Q1 FY21 and down 21% as compared to Q4 FY21.
• Authum Investment and Infrastructure: Appointed Amit Dangi, whole time director of the company as regular chairperson of the board with immediate effect.
• Schaeffler: Jürgen Ziegler, non-executive non-independent director of the company has tendered his resignation effective from July 21 on account of other professional commitments.
• Beekay Steel Industries: Launched a new product -- Beekay Turbo 550 Max Interlocking TMT Bars manufactured at its Parwada Unit at Visakhapatnam, Andhra Pradesh.
• Torrent Power: Released its annual report. The company ended FY21 with a revenue of Rs 12,314 crore, down 10% from Rs 13,818 crore in FY20. Ebitda fell 3% from Rs 3,734 crore to Rs 3,607 crore. Ebitda margin improved slightly from 27% to 29%. Chairman Samir Mehta said the company’s distribution franchisee business was impacted significantly due to the pandemic, while there was limited impact on the generation and licensed distribution business. Post lockdown and subsequent disruptions, it said the economic revival has resulted in an increase in demand for electricity in all its distribution areas, with demand in Q4FY 21 at higher levels than the comparable quarter of previous year. Separately, the matter regarding its suspended bid for 51% privatization of power distribution companies in Dadra and Nagar Haveli and Daman and Diu will be heard in the Supreme Court.
• Gujarat State Petronet: Appointed Rajiv Kumar Gupta, IAS as director on the board of the company.
• Zuari Agro Chemicals: Single super phosphate plant of the company in Mahad has resumed its operations with supply of raw materials having been tied up with a supplier. Nitrogen, phosphorus and potassium A plant has been shut down due to unavailability of raw materials.
•** Sadbhav Infrastructure Projects**: India Ratings has downgraded the credit rating of the company to BBB+ from A-.
• Coromandel International: Crisil revised the rating for the company's long term bank loan facilities from ‘stable’ to ‘positive’.
• Clariant Chemicals: Released its annual report. The company’s continued operations reported sales for FY21 of Rs 688.41 crore versus Rs 720 crore for the previous year. The company recorded a decline in sales by 4.4%. Of the total sales revenue for the year under review, 35% is contributed by exports. The company has resumed operations in a phased manner and during the quarter ended September 30, 2020, operations have gradually come back to normalcy. It said the balance sheet indicates financial stability and an evaluation of impact of COVID-19 on internal financial controls concluded that there is no major impact.
• NBCC (India): Informed that the company has secured a total business of Rs 206 crore in the month of June, 2021.
• Bank of Maharashtra: Approved the floor price of Rs 24.89 per equity share for its qualified institutional placement.
• Vedanta, Hindustan Zinc: Announced production results for Q1FY22. Mined metal production for the quarter was 221,000 tonnes, up 9% as compared to Q1FY21 on account of higher ore production largely at Rampura Agucha mines (RAM) and Zawar mines. This was partially offset by lower overall metal grades. In comparison to Q4FY21, it decreased by 23%, mainly due to lower ore production at Sindesar Khurd & Rampura Agucha mines due to operators' absenteeism in April & May in light of second wave of Covid-19. Integrated metal production was 236,000 tonnes for Q1 FY22, up 17% as compared to Q1 FY21 in line with higher availability of mined metal and down 8% as compared to Q4 FY21 on account of lower mined metal production. Integrated zinc production was 188,000 tonnes, up 20% as compared to Q1FY21 and down by 4% as compared to Q4 FY21, integrated lead production was 48,000 tonnes for Q1 FY22, up 9% as compared to Q1 FY21 and down 21% as compared to Q4 FY21.
• Authum Investment and Infrastructure: Appointed Amit Dangi, whole time director of the company as regular chairperson of the board with immediate effect.
• Schaeffler: Jürgen Ziegler, non-executive non-independent director of the company has tendered his resignation effective from July 21 on account of other professional commitments.
• Beekay Steel Industries: Launched a new product -- Beekay Turbo 550 Max Interlocking TMT Bars manufactured at its Parwada Unit at Visakhapatnam, Andhra Pradesh.
• Torrent Power: Released its annual report. The company ended FY21 with a revenue of Rs 12,314 crore, down 10% from Rs 13,818 crore in FY20. Ebitda fell 3% from Rs 3,734 crore to Rs 3,607 crore. Ebitda margin improved slightly from 27% to 29%. Chairman Samir Mehta said the company’s distribution franchisee business was impacted significantly due to the pandemic, while there was limited impact on the generation and licensed distribution business. Post lockdown and subsequent disruptions, it said the economic revival has resulted in an increase in demand for electricity in all its distribution areas, with demand in Q4FY 21 at higher levels than the comparable quarter of previous year. Separately, the matter regarding its suspended bid for 51% privatization of power distribution companies in Dadra and Nagar Haveli and Daman and Diu will be heard in the Supreme Court.
• Gujarat State Petronet: Appointed Rajiv Kumar Gupta, IAS as director on the board of the company.
• Zuari Agro Chemicals: Single super phosphate plant of the company in Mahad has resumed its operations with supply of raw materials having been tied up with a supplier. Nitrogen, phosphorus and potassium A plant has been shut down due to unavailability of raw materials.
•** Sadbhav Infrastructure Projects**: India Ratings has downgraded the credit rating of the company to BBB+ from A-.
• Coromandel International: Crisil revised the rating for the company's long term bank loan facilities from ‘stable’ to ‘positive’.
• Clariant Chemicals: Released its annual report. The company’s continued operations reported sales for FY21 of Rs 688.41 crore versus Rs 720 crore for the previous year. The company recorded a decline in sales by 4.4%. Of the total sales revenue for the year under review, 35% is contributed by exports. The company has resumed operations in a phased manner and during the quarter ended September 30, 2020, operations have gradually come back to normalcy. It said the balance sheet indicates financial stability and an evaluation of impact of COVID-19 on internal financial controls concluded that there is no major impact.
• NBCC (India): Informed that the company has secured a total business of Rs 206 crore in the month of June, 2021.
• Bank of Maharashtra: Approved the floor price of Rs 24.89 per equity share for its qualified institutional placement.
Many People were asking me about this.. Here's my take on Zomato IPO:
1. Hype might push the Stock Prices upside
2. But the Company is overvalued
3. The Business is not in Profit
4. Good for short term traders who just buy at hype and sell after a small rise.
5. For long term holding, one has to wait and watch for more data, not a good idea to buy now for long term
6. I am not a big fan on Trading or Investing in IPO's in general
7. If I am going for this, then better to buy less quantity and see.. Not to invest too much.. Just 1 lot
8. If it works out, then good.. If not, then cut the losses, as quick as you can..
Regards
www.tradingcoach.co.in
1. Hype might push the Stock Prices upside
2. But the Company is overvalued
3. The Business is not in Profit
4. Good for short term traders who just buy at hype and sell after a small rise.
5. For long term holding, one has to wait and watch for more data, not a good idea to buy now for long term
6. I am not a big fan on Trading or Investing in IPO's in general
7. If I am going for this, then better to buy less quantity and see.. Not to invest too much.. Just 1 lot
8. If it works out, then good.. If not, then cut the losses, as quick as you can..
Regards
www.tradingcoach.co.in
Stocks to Focus
• Tata Consultancy Services: Announced plans to expand its operations in Arizona, by investing over $300 million by 2026 and hiring more than 220 employees by 2023.
• KRBL: Informed that operations at its unit situated at Dhuri, Sangrur, Punjab will resume as normal as per Supreme Court’s July 13 order.
• Apar Industries: Released its annual report. The company ended FY21 with revenues 14% lower at Rs 6,388 crore. Profit after tax, however, grew nearly 20% to Rs 161 crore. Chairman Kushal Desai said that despite multiple COVID-19 waves hitting plant operations, logistics and both domestic and global demand, the company’s return on equity for FY21 was up 106 bps year-on-year to 12.5%, driven by 42% reduction in finance cost.
• Craftsman Automation: Company has terminated joint venture agreements signed in 2007 with Mitsubishi Corporation, Tokyo, MC Machinery Systems, USA, Mitsubishi Corporation India and Mitsubishi Corporation Technos, Japan. The joint venture was for selling electric discharge machines and laser cutting machines. Craftsman said the termination was to focus on the increasing needs of the primary business and it won’t have any impact on the company.
• Rossari Biotech: ICRA has assigned a long-term rating of AA- (stable) to its fund-based working capital facilities and unallocated limit facilities. A short-term rating of A1+ has been assigned to its non-fund based limit facilities.
• SeQuent Scientific: Received EU’s good manufacturing practices approval for its tablets dosage manufacturing line in Turkey.
• Amara Raja Batteries: High Court of Andhra Pradesh, at a hearing on July 12, 2021, has extended the interim suspension of closure orders from Andhra Pradesh Pollution Control Board for the company’s plants situated at Karakambadi, Tirupati and Nunegundlapalli Village, Chittoor District, Andhra Pradesh.
• Tata Communications: Appointed Krishnakumar Natarajan as additional director (Independent) to the board for a term of five years.
• Mrs Bectors Food Specialities: Released its annual report. The company said it recorded 16% growth in revenues and a 52% and 138% growth in Ebitda and profit after tax, respectively, for the year. It said this was a factor of both increased product volumes as well as strategic price realisation enhancements. It said the company focused on starting its cookies line at the Rajpura, Punjab factory in the first quarter, with a capacity of 300 MT per month. It is also expanding a bakery line and bread line at our Greater Noida, Uttar Pradesh, facility which is due to start commercial operations in the third quarter of the current financial year.
• Marico: Announced a strategic investment in Apcos Naturals Private Limited with an acquisition of 60% equity stake for an undisclosed consideration. This equity stake will be acquired over a period of two years.
• Spandana Sphoorty Financial: Crisil assigned the company’s proposed long term bank loan facility of Rs 3,500 crore a rating of A (stable).
• Pidilite: Released its annual report. The company's net sales reported flat growth, excluding Pidilite Adhesives which declined by 2.4%. Its Ebitda grew by 6.5% and profit after tax grew flat. The company said there remains an uncertainty around the duration of the pandemic and the resultant impact on consumer sentiment and demand. Input inflation may continue during the current year as well and it said it is taking necessary steps to mitigate the impact of inflation through appropriate pricing and cost control measures. It added that the slower growth of the Indian economy and stress in sectors, such as construction, could impact the performance of the company and that overseas subsidiaries, by virtue of their relatively smaller size, remain vulnerable to the political and economic uncertainties of their respective countries.
• Lupin: Vertex sues Lupin to block copies of cystic fibrosis drug
• Tata Consultancy Services: Announced plans to expand its operations in Arizona, by investing over $300 million by 2026 and hiring more than 220 employees by 2023.
• KRBL: Informed that operations at its unit situated at Dhuri, Sangrur, Punjab will resume as normal as per Supreme Court’s July 13 order.
• Apar Industries: Released its annual report. The company ended FY21 with revenues 14% lower at Rs 6,388 crore. Profit after tax, however, grew nearly 20% to Rs 161 crore. Chairman Kushal Desai said that despite multiple COVID-19 waves hitting plant operations, logistics and both domestic and global demand, the company’s return on equity for FY21 was up 106 bps year-on-year to 12.5%, driven by 42% reduction in finance cost.
• Craftsman Automation: Company has terminated joint venture agreements signed in 2007 with Mitsubishi Corporation, Tokyo, MC Machinery Systems, USA, Mitsubishi Corporation India and Mitsubishi Corporation Technos, Japan. The joint venture was for selling electric discharge machines and laser cutting machines. Craftsman said the termination was to focus on the increasing needs of the primary business and it won’t have any impact on the company.
• Rossari Biotech: ICRA has assigned a long-term rating of AA- (stable) to its fund-based working capital facilities and unallocated limit facilities. A short-term rating of A1+ has been assigned to its non-fund based limit facilities.
• SeQuent Scientific: Received EU’s good manufacturing practices approval for its tablets dosage manufacturing line in Turkey.
• Amara Raja Batteries: High Court of Andhra Pradesh, at a hearing on July 12, 2021, has extended the interim suspension of closure orders from Andhra Pradesh Pollution Control Board for the company’s plants situated at Karakambadi, Tirupati and Nunegundlapalli Village, Chittoor District, Andhra Pradesh.
• Tata Communications: Appointed Krishnakumar Natarajan as additional director (Independent) to the board for a term of five years.
• Mrs Bectors Food Specialities: Released its annual report. The company said it recorded 16% growth in revenues and a 52% and 138% growth in Ebitda and profit after tax, respectively, for the year. It said this was a factor of both increased product volumes as well as strategic price realisation enhancements. It said the company focused on starting its cookies line at the Rajpura, Punjab factory in the first quarter, with a capacity of 300 MT per month. It is also expanding a bakery line and bread line at our Greater Noida, Uttar Pradesh, facility which is due to start commercial operations in the third quarter of the current financial year.
• Marico: Announced a strategic investment in Apcos Naturals Private Limited with an acquisition of 60% equity stake for an undisclosed consideration. This equity stake will be acquired over a period of two years.
• Spandana Sphoorty Financial: Crisil assigned the company’s proposed long term bank loan facility of Rs 3,500 crore a rating of A (stable).
• Pidilite: Released its annual report. The company's net sales reported flat growth, excluding Pidilite Adhesives which declined by 2.4%. Its Ebitda grew by 6.5% and profit after tax grew flat. The company said there remains an uncertainty around the duration of the pandemic and the resultant impact on consumer sentiment and demand. Input inflation may continue during the current year as well and it said it is taking necessary steps to mitigate the impact of inflation through appropriate pricing and cost control measures. It added that the slower growth of the Indian economy and stress in sectors, such as construction, could impact the performance of the company and that overseas subsidiaries, by virtue of their relatively smaller size, remain vulnerable to the political and economic uncertainties of their respective countries.
• Lupin: Vertex sues Lupin to block copies of cystic fibrosis drug
• Sterlite Technologies: To consider raising funds via shares, securities on July 22
• Axis Bank: Says information in Dhariya’s tweet factually incorrect; Tweet posted to damage the reputation of bank
Earnings To Watch: Tata Elxsi, Tata Steel Long Products, Wipro, Angel Broking, Aditya Birla Money, Cyient, L&T Infotech, Stylam Industries
• Axis Bank: Says information in Dhariya’s tweet factually incorrect; Tweet posted to damage the reputation of bank
Earnings To Watch: Tata Elxsi, Tata Steel Long Products, Wipro, Angel Broking, Aditya Birla Money, Cyient, L&T Infotech, Stylam Industries
Zomato IPO Update
Total subscription at 1.29x till 1 pm on 2nd day of the issue.
Retail: 3.86x,
QIB:1x,
NIIs:0.2x,
Employees 0.2x
L&T : Tech Services has upped its revenue growth guidance to 15-17% for FY22. CEO and MD Amit Chadha on what aided the strong Q1 for company.
Total subscription at 1.29x till 1 pm on 2nd day of the issue.
Retail: 3.86x,
QIB:1x,
NIIs:0.2x,
Employees 0.2x
L&T : Tech Services has upped its revenue growth guidance to 15-17% for FY22. CEO and MD Amit Chadha on what aided the strong Q1 for company.
Why most of the traders get it wrong, What exactly it is?
Click here to watch.
https://youtu.be/_cz7xEG0u2Q
Click here to watch.
https://youtu.be/_cz7xEG0u2Q
YouTube
Price Action Trading - Why Most Traders get it Wrong ? What exactly it is?
Price Action Trading is a Simple but High probability trading approach. With the help of Price action techniques, a trader can take trades in any time perio...
Excellent move and good Price Action Setup, Breakout from Resistance
Stocks to focus.
Firstsource: Released its annual report. The company ended FY21 with revenue from operations up 24% to Rs 5,078 crore. Operating margins hit 11.8 and profit after tax was Rs 361.7 crore. Chairman Sanjiv Goenka said FY2021 has created a “solid foundation” for sustained progress and the forecast for the coming year includes significant recovery in the healthcare business as well as sustained growth in banking and the communications, media and tech sector.
Bandhan Bank: Advances rise 8% YoY to Rs 80,130 crore as of June 30, total deposits rise 28% YoY at Rs 77,340 crore
Indian Oil Corp.: Paradip Refinery hit by glitches, partial shutdown planned
Tata Motors: To consider Rs 500 crore bond issue on July 20
Pidilite: Appointed Sudhanshu Vats as Deputy Managing Director.
Reliance Industries, Justdial: Clarified that it won’t comment on Justdial acquisition reports. “The company evaluates various opportunities on an ongoing basis,” RIL said.
Xelpmoc Design and Tech: Issued 7.2 lakh shares for a sum of Rs 27 crores to Newport Asia Advisors Fund, Newport Asia Growth & Income Fund, Newport Asia Institutional Fund and Newport Asia Partners Fund
NMDC: Proposed to offer up to 89 lakh shares to the eligible employees of the company at a price Rs 165.50 per share in an offer for sale from July 16 to July 18.
BEML: Incorporated a wholly-owned subsidiary named BEML Land Assets Limited based on the concurrence given by the Ministry of Defence, Department of Investment and Public Asset Management and NITI Aayog for demerger of surplus land and assets of the company as part of strategic disinvestment process undertaken by the government.
Havells India: CARE Ratings has reaffirmed AAA rating to the company’s long-term bank facilities. It has reaffirmed the A1+ rating to its short-term bank facilities and commercial paper.
Mindspace Business Parks
REIT: Crisil has assigned the following ratings to the bank’s instruments:
• Long term Principal Protected Market Linked Debentures upto Rs 500 crore: AAAr/Stable 2
• Long term Principal Protected Market Linked Debentures upto Rs 375 crore: AAAr/Stable 3
• Non-Convertible Debentures upto Rs 200 crore: AAA/Stable
• Non-Convertible Debentures upto Rs 300 crore: AAA/Stable
• Corporate Credit Rating: AAA/Stable
• Commercial Papers upto Rs. 250 Crores: A1+
Reliance Power: Made preferential allotment of 59.5 crore shares and 73 crore warrants at a value of Rs 10 per share convertible into equivalent number of equity shares to promoter Reliance Infrastructure.
Gati: Transferred its 69.79% equity holding in Gati Kausar to Mandala Capital on July 14, 2021. With this, Gati Kausar has ceased to be the company’s Subsidiary and also the company stands to have reduced its debt at a consolidated level by around Rs 105 crore.
Sona Comstar: Partnered with Israel's IRP Nexus Group, a leading provider of cutting-edge electric powertrain solutions for e-mobility and iCreate (International Centre for Entrepreneurship and Technology) to invent a new powertrain, manufacture it and market it globally.
UPL: Released its annual report. Ended FY21 with revenue up 8% year-on-year at Rs 38,694 crore and profit up 32% at Rs 3,692 crore. Global CEO Jai Shroff said the company’s growth and margins are more satisfying because they were achieved in an environment that had the added challenges of high inflation and currency fluctuations that adversely impacted us. “We have been able to strengthen our Ebitda margin by 130 bps, a reflection of our growing contribution from value-added products and cost synergies arising out of the Arysta acquisition,” he said.
Earnings To Watch: Den Networks, GNA Axles, HDFC Asset Management Company, Justdial, L&T Financial Holdings
Firstsource: Released its annual report. The company ended FY21 with revenue from operations up 24% to Rs 5,078 crore. Operating margins hit 11.8 and profit after tax was Rs 361.7 crore. Chairman Sanjiv Goenka said FY2021 has created a “solid foundation” for sustained progress and the forecast for the coming year includes significant recovery in the healthcare business as well as sustained growth in banking and the communications, media and tech sector.
Bandhan Bank: Advances rise 8% YoY to Rs 80,130 crore as of June 30, total deposits rise 28% YoY at Rs 77,340 crore
Indian Oil Corp.: Paradip Refinery hit by glitches, partial shutdown planned
Tata Motors: To consider Rs 500 crore bond issue on July 20
Pidilite: Appointed Sudhanshu Vats as Deputy Managing Director.
Reliance Industries, Justdial: Clarified that it won’t comment on Justdial acquisition reports. “The company evaluates various opportunities on an ongoing basis,” RIL said.
Xelpmoc Design and Tech: Issued 7.2 lakh shares for a sum of Rs 27 crores to Newport Asia Advisors Fund, Newport Asia Growth & Income Fund, Newport Asia Institutional Fund and Newport Asia Partners Fund
NMDC: Proposed to offer up to 89 lakh shares to the eligible employees of the company at a price Rs 165.50 per share in an offer for sale from July 16 to July 18.
BEML: Incorporated a wholly-owned subsidiary named BEML Land Assets Limited based on the concurrence given by the Ministry of Defence, Department of Investment and Public Asset Management and NITI Aayog for demerger of surplus land and assets of the company as part of strategic disinvestment process undertaken by the government.
Havells India: CARE Ratings has reaffirmed AAA rating to the company’s long-term bank facilities. It has reaffirmed the A1+ rating to its short-term bank facilities and commercial paper.
Mindspace Business Parks
REIT: Crisil has assigned the following ratings to the bank’s instruments:
• Long term Principal Protected Market Linked Debentures upto Rs 500 crore: AAAr/Stable 2
• Long term Principal Protected Market Linked Debentures upto Rs 375 crore: AAAr/Stable 3
• Non-Convertible Debentures upto Rs 200 crore: AAA/Stable
• Non-Convertible Debentures upto Rs 300 crore: AAA/Stable
• Corporate Credit Rating: AAA/Stable
• Commercial Papers upto Rs. 250 Crores: A1+
Reliance Power: Made preferential allotment of 59.5 crore shares and 73 crore warrants at a value of Rs 10 per share convertible into equivalent number of equity shares to promoter Reliance Infrastructure.
Gati: Transferred its 69.79% equity holding in Gati Kausar to Mandala Capital on July 14, 2021. With this, Gati Kausar has ceased to be the company’s Subsidiary and also the company stands to have reduced its debt at a consolidated level by around Rs 105 crore.
Sona Comstar: Partnered with Israel's IRP Nexus Group, a leading provider of cutting-edge electric powertrain solutions for e-mobility and iCreate (International Centre for Entrepreneurship and Technology) to invent a new powertrain, manufacture it and market it globally.
UPL: Released its annual report. Ended FY21 with revenue up 8% year-on-year at Rs 38,694 crore and profit up 32% at Rs 3,692 crore. Global CEO Jai Shroff said the company’s growth and margins are more satisfying because they were achieved in an environment that had the added challenges of high inflation and currency fluctuations that adversely impacted us. “We have been able to strengthen our Ebitda margin by 130 bps, a reflection of our growing contribution from value-added products and cost synergies arising out of the Arysta acquisition,” he said.
Earnings To Watch: Den Networks, GNA Axles, HDFC Asset Management Company, Justdial, L&T Financial Holdings